Fenergo Client Lifecycle Management provides a truly streamlined, digital client orchestration solution to enable the delivery of a quick and efficient client onboarding process for both new and existing clients.

Fenergo CLM for SalesforceⓇ puts Relationship Managers in the driving seat of the client onboarding journey, providing them with insight into and oversight over the entire end-to-end client onboarding process.

Fenergo, the leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks, has today announced a strategic relationship with Markit and kyc.com, a joint venture powered by Markit and Genpact.

The relationship brings together kyc.com and Markit Counterparty Manager coupled with Fenergo’s Regulatory Onboarding and Client Lifecycle Management software solutions. Fenergo also works seamlessly with Markit Enterprise Data Management (EDM) as a key component in a wider entity data management solution for common clients. KYC and counterparty data are cleansed and validated through Markit EDM’s integration layer and legal entity master to support firms to be ready to transact and meet KYC, tax, regulatory requirements and margin agreements. This information is fed into Fenergo’s Client Lifecycle Management solution for workflow-enabled client onboarding and regulatory compliance. Client and counterparty data is enriched and is then pushed to downstream systems.

“Working with Fenergo across kyc.com and Markit’s solution sets extends the value that we are providing to our common customer base,” said Jon May, CEO of kyc.com and managing director at Markit. “By integrating data from Markit EDM across our other solution sets and leveraging Fenergo’s workflow capabilities, we are providing validated information for organisations to be ready to transact.”

According to Marc Murphy, CEO of Fenergo, “We are delighted to announce our working relationship with Markit and kyc.com to create a new way of enhancing the client lifecycle management process for financial institutions. Client Lifecycle Management is highly dependent on good quality, consistent and normalised client and counterparty data. However, most financial institutions are consuming this data manually at present. Through this relationship, we are automating this process with the provision of quality data and Fenergo’s workflow and regulatory rules engine technologies to deliver a highly optimised Client Lifecycle Management process that will help financial institutions significantly improve regulatory and onboarding efficiencies and reduce operational costs”.

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Client Onboarding Lifecycle Management

Fenergo Client Onboarding Lifecycle Management (COLM) is an end-to-end, out-of-the-box solution that enables financial institutions to provide a quick and efficient onboarding process for new and existing clients.